Wasting money is something that it a pretty crazy thing to do. After all, you work hard for the amount you have and swap your time and effort for it. That means by wasting it you are really throwing those things away. Sadly, there are lots of ways you may be wasting money, some of which you might not even be aware of. Read on to discover what they are.
Food waste
Food waste might just be costing you a fortune without you realizing it. The reason for this is that folks tend to shop for a week at a time, then at the end of that week throw away any items they haven’t got around to using, or that are past their sell-by date.
However, this food is usually still edible as you can find out at eatbydate.com and is only being put in the trash to make room for the ingredients for a new set of meal plans. This is crazy if you think about it, because you are throwing away edible food to make room for different edible food! Something that will result in unnecessary costs.
Unused food can waste a lot of money.
Instead, why not use sites like supercook.com that show you what to cook with what you have, or at least use all those leftover veggies up at the end of the week to make a soup that you can keep in the freezer. Then you will be saving on food waste and the cost of lunches for the week coming up.
Paying high-interest rates
Most people apply to take out a loan at one time or another, but did you know that the decision on whether you get this is usually based on your credit score? If you have a low credit score, you are less likely to get a loan, and if you are awarded it, you will usually be asked to pay a higher rate of interest because you are regarded as a greater risk to the lender.
Image sourceThat means low credit scores equal high-interest rates, something that translates into you making bigger payments and paying less of the original loan off. That is why it’s vital that you deal with your credit score by visiting sites like repair.credit and using the advice on credit repair, you find there. Then you won’t be wasting money that you can’t afford, just because your credit score is low.
Not canceling subscriptions
Subscriptions are big business these days. You can get boxes of makeup delivered, or crates with collectibles in. You can even stream film and TV shows via service like the ones mentioned at digitaltrends.com by paying a monthly subscription charge.
Unfortunately, the thing with subscriptions is that you pay for them whether you actually use them or not. It’s why they make such a great business model for the people ruining them.
However, it’s not such a great model for the customer, especially if they have signed up for more than one because they are paying for services that aren’t being used. That is why it’s vital to cancel any subscriptions you have not use for the last month. Otherwise, they are just a massive waste of money.
